Market Watch: Markets on risk off mode; Dollar continues ascent- Geojit Financial Services Ltd
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Nifty Outlook
Downside momentum eased towards close yesterday, in an acknowledgement of testing the 50day SMA at 22300. Short covering prospects will emerge should we float above 22340 early in the day, but unless that is followed by a direct rise above 22550, expect resumption of downtrend, aiming 21920 initially.
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